RIYADH, SAUDI ARABIA — Shares in Saudi Aramco gained on the second day of trading Thursday, propelling the oil and gas company to a near US$2 trillion valuation, where it holds the title of the world’s most valuable listed company. Shares jumped in trading 4.5% to reach up to 38.60 Saudi riyals, or $10.29 before […]
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Stocks mixed as U.S., EU policymakers leave rates unchanged
TOKYO — Global shares were mixed Thursday after central banks in Europe and the U.S. said they will leave interest rates unchanged for the time being. Investors are still waiting for a breakthrough in U.S.-China trade talks while monitoring Britain’s national election Thursday, which will likely determine if the United Kingdom pushes ahead with its […]
Customer headaches persist over Air Canada booking system ahead of travel season
MONTREAL — More than three weeks after Air Canada launched a new booking system, customers continue to encounter headaches on the cusp of holiday travel season. The airline introduced the reservation system on Nov. 18, triggering a barrage of social media complaints from passengers who had difficulty accessing their booking information or reaching customer service […]
Chevron looking to sell its 50 per cent stake in its Kitimat LNG project
CALGARY — Chevron Corp. says it is looking to sell its 50 per cent stake in the Kitimat LNG Project in British Columbia. The move comes as the company looks to cut spending on some investments and take a charge of at least US$10 billion because lower long-term prices for oil and natural gas will […]
World shares mixed on reports Trump might delay tariff hike
BEIJING — Global markets were mixed Wednesday following reports that U.S. President Donald Trump’s advisers were preparing for a possible delay in a weekend tariff hike on Chinese goods. Investors also had their eyes on central bank meetings in Europe and the U.S. The German index in Frankfurt rose in early trading while Shanghai and […]
Saudi Aramco gains 10 per cent in debut to clinch top seat at US$1.8T
RIYADH, SAUDI ARABIA — Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market Wednesday in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world. Trading on the Saudi Tadawul stock exchange came after […]
European shares fall, Asia advances after Wall Street rally
TOKYO — Shares fell in Europe early Monday after a day of gains in Asia. Investors were encouraged by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. France’s CAC 40 slipped 0.2% in early trading to 5,860.03, while Germany’s DAX […]
A difficult potato harvest could bring pricier spuds to the supermarket
TORONTO — Canadian potato producers left more crops in the ground this year than in any prior year on record, raising the possibility of price increases for consumers. Data released Friday by Statistics Canada shows that more than 360,000 acres of potato crops were planted this year – a 3.7 per cent increase over last […]
How Canadian clothing manufacturers are fighting back against global giants
MONTREAL — Amid the whir of sewing machines, Jean-Philippe Robert surveys the floor at his parka company’s newest factory on the northern edge of Montreal. Three-dozen Quartz Co. seamstresses work the cutting tables under fluorescent lights between spools of thread and trolley bins loaded with sleeves, hoods and trim. When it comes to apparel manufacturing, […]
Mexico, U.S., Canada trade talks continue in Washington
WASHINGTON — Mexico’s top trade negotiator wrapped up an 11-hour meeting with his U.S. counterpart Friday night, saying they had not finalized a new trade agreement for Mexico, United States and Canada. As he left the office of U.S. Trade Representative Robert Lighthizer Jesus Seade told reporters “we are working on all the issues. It […]